Currency News

British pound supported by positive UK labour market data

On Wednesday British pound remained mainly higher against the US dollar, while additional support was received by upbeat labour market data from the United Kingdom. GBP/USD hit 1.5682 during European morning trade, currently the session high and highest since February 13th, after which consolidation followed at 1.5670. Support was expected in the 1.5600-1.5635 range, while […] Read more

NZD/USD on higher levels ahead of RBNZ decision

New Zealand dollar was higher versus its US counterpart on Wednesday ahead of Reserve Bank of New Zealands statement on monetary policy. NZD/USD pair hit 0.7940 during early European trade, highest since June 7th, after which consolidation followed at 0.7929. Support was expected at June 10th low, 0.7836, while resistance was to be encountered at […] Read more

Euro steadily higher versus US dollar close to 3.5-month highs

Euro traded steadily at near three-and-a-half month high versus the US dollar on Wednesday. EUR/USD pair reached 1.3292 during later Asian trade, after which consolidation followed at 1.3305. Support was expected at Tuesdays low, 1.3231, while resistance was to be met at February 19th high, 1.3395. The euro received support after Germanys Finance Minister Wolfgang […] Read more

USD/JPY traded higher after mixed Japanese data

US dollar was higher against the Japanese yen during Wednesday Asian trade despite the mixed economic data, released from Japan. USD/JPY advanced to 96.43, adding 0.41% on Wednesday. Yesterday US session showed that the pair lost almost 2.1%. Support was expected at Fridays low, 95.00, while resistance was to be met at 99.29, Mondays high. […] Read more

Canadian dollar declined against US peer alongside crude oil

Canadian dollar dropped against its US counterpart for the first time in four days, as crude oil prices, Canadas largest export, registered the biggest slide in a week. “The Canadian dollar remains a high-beta currency, and fluctuations in the oil price will always affect it more,” said Eimear Daly, a currency market analyst at Monex […] Read more

EUR/USD kept trading at higher levels

Euro was higher versus the US dollar on Tuesday, mostly boosted by speculations whether US Central Bank will embark on a reduction of scale of easing later this year. EUR/USD pair reached 1.3299 during the afternoon phase of European trade, currently the session high, after which consolidation followed at 1.3272. The cross was still up […] Read more

USD/CHF remained lower, FED decision in market focus

On Tuesday US dollar was lower versus the Swiss franc, as markets were focused on FEDs decision whether reduction of scale of easing was due in the coming months. USD/CHF pair hit 0.9264 during European trade, currently the session low, after which consolidation followed at 0.9285. Support was likely at 0.9226, June 6th low, while […] Read more

Pound off session lows vs. US dollar after UK manufacturing data

British pound jumped off session lows against the US dollar on Tuesday after data showed that UK manufacturing production decreased at a smaller pace in April, compared to previous period. GBP/USD pair slid to session low at 1.5532, after which regained positions to 1.5560 during European morning trade. Support was expected at Monday low, 1.5493, […] Read more

USD/JPY crumbled after Bank of Japan decision

US dollar lost positions against the Japanese yen on Tuesday after Bank of Japan announced its decision earlier to introduce no change in its monetary policy. USD/JPY pair fell to 97.70 during the later hours of Asian trade, currently the session low, after which consolidation followed at 98.34. Support was expected at levels around 97.50, […] Read more

British pound with a slight change versus US dollar ahead of UK manufacturing data

On Tuesday the sterling was little changed against the US dollar before the release of Manufacturing Production report from United Kingdom. It is expected British manufacturing to have shrunk during April by 0.2%, after it expanded by 1.1% during the previous month, according to a Bloomberg News survey. Another report will show the industrial production […] Read more